lite coin reviews for beginners

What Is Lite coin?

It's a cryptocurrency that was created two (2) years after bitcoin by an ex-Google engineer named Charlie Lee.

It's the ninth-largest cryptocurrency according to market capitalization. 

It's a strong competitor to bit coin. 

It was founded in 2011

Is Cryptocurrency legal in the United States of America, United Kingdom, Australia, and Canada?

Yes! it's legal. 

Although, some states and regions in United States of America, United Kingdom, Australia, and Canada don’t just allow citizens get involved in it unless they obtain a license.

Is trading Cryptocurrency illegal in the United States of America, United Kingdom, Australia, and Canada?

It is not illegal in some states and regions like United States of America, United Kingdom, Australia, and Canada because most cryptocurrency exchange trading platforms obtains license from the government. 

These platforms are also regulated by well known finance regulatory bodies.

Is a non-US alien required to pay taxes (to IRS) in the United States of America, United Kingdom, Australia, and Canada?

Yea! Whether you are in United Kingdom, Australia, or Canada you will be taxed as long as you own taxable assets in United States of America. 

United States of America has even declared cryptocurrencies as taxable assets same as real estate properties and has also recommended www c r y p t o t r a d e r tax.

Is it possible to convert lite coin (or cryptocurrencies) in the United States of America, United Kingdom, Australia, and Canada?

It is very possible because there are crypto exchange platforms like www c h a n g e l l y com and www k u coin com. 

It allows you convert any crypto-currency into another. 

Is it legal in the USA to trade other people’s crypto-currencies in the United States of America, United Kingdom, Australia, and Canada?

Yes! If a crypto-currency exchange trading platform is licensed and allowed to operate in any country, then they are automatically legal to trade.

Is it possible for lite coin to become a legal currency in the in the United States of America, United Kingdom, Australia, and Canada?

Not now but some investors, entrepreneurs and top business owners are gradually embarrassing crypto as part of their product purchasing currency. 

For instance, E l o n m u s k purchased $ 1, 500, 000, 000 Billion worth of bitcoin for his T e l s a electric cars company and others. 

He is a strong promoter of doge coin crypto and the force behind the increase market price. 

An online business can easily accept lite coin by adding it to their other payment method options.

PS - T e l s a Company is giving out free electric cars when you sign-up bit s t a r z com account

How can I buy lite coin as a non-US resident in the United States of America, United Kingdom, Australia, and Canada?

You can buy it through crypto-currency exchange trading platforms from anywhere in the world including United States of America. 

All you have to do is to provide the company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)







How do you set-up your own crypto-currency exchange in the United States of America, United Kingdom, Australia, and Canada?

Be sure that the country allows individuals to own a crypto-currency exchange trading platform. 

Then, you enquire from other crypto investors to know how to go about it. 

After getting the right information, then you need to seek for funding by sharing you business plan with a reliable person who is willing to invest into the plan. 

At this point, you have received funds to launch the cryptocurrency exchange trading platform.

Lastly, it’s time to engage social media influencers, popular figures and advertisement in other to get known and test how saturated the market is.

How can a U S citizen buy lite coin in the United States of America, United Kingdom, Australia, and Canada?

You can buy it through cryptocurrency exchange trading platforms in United States of America. 

All you have to do is to provide the company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)











How do you safely buy lite coin as a minor in the United States of America, United Kingdom, Australia, and Canada?







You can buy it even as a minor at cryptocurrency exchange trading platforms like www c h a n g e l l y com, www p a x f u l com, www k r a k e n com, www l u n o com, tidex app, www cex io, m e r c u r y o I o, www local bitcoins com, www x coins com, www liquid com, www k u coin com, www p a y e e r com, storm gain app or www prime x b t com.

All you need to do is to create a g mail account for your registration and provide the required documents by the company for verification to avoid scam or hackers.











How do I pay tax for trading cryptocurrency in United States of America, United Kingdom, Australia, and Canada?

I R S stated around March 2014 that all virtual currencies including lite coin would be taxed as property rather than currency. 

Crypto-currencies are taxed through software platform by www c r y p t o t r a d e r tax

How do I buy lite coin in the United States of America, United Kingdom, Australia, and Canada?

You can buy it through crypto-currency exchange trading platforms in United States of America, United Kingdom, Australia, and Canada. 

All you have to do is to provide the crypto-currency exchange trading platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

How do I buy cryptocurrency in United States of America, United Kingdom, Australia, and Canada?

You can buy any crypto-currency through a trading platforms in United States of America, United Kingdom, Australia, and Canada. 

All you have to do is to provide the company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

Can you invest in a $1 lite coin in United States of America, United Kingdom, Australia, and Canada?

Off course yes! You can invest into lending and borrowing with a trading platform like www k u coin com where people borrow money from you with crypto-currency to pay back with interest and vice versa. 

But it depends on the crypto-currency exchange trading platform. 

Each investment platform has its own minimum amount one can invest and maximum one can also invest.

Can a US F1 visa holder purchase a lite coin legally in United States of America, United Kingdom, Australia, and Canada?

You can buy it through cryptocurrency exchange trading platforms in United States of America, United Kingdom, Australia, and Canada. 

All you have to do is to provide the company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)











Do criminals use lite coin to hide their money in United States of America, United Kingdom, Australia, and Canada?

Off course yes! There are so many reports of relationship scammers diverting their proceeds from victims into crypto-currency wallet to avoid been caught and arrested by anti-corrupt bodies. 

Do you feel that lite coin (crypto-currency) has much of a future in United States of America, United Kingdom, Australia, and Canada?

Yes! it has a future.










Can a F1 students buy cryptocurrencies in the United States of America, United Kingdom, Australia, and Canada?

You can buy it through crypto-currency exchange trading platforms in United States of America, United Kingdom, Australia, and Canada.

All you have to do is to provide the company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

How isn’t lite coin a threat to the US dollar in United States of America, United Kingdom, Australia, and Canada?

It's a threat due the huge market-cap. 

According to most investor’s prediction crypto-currency particularly lite coin is the most traded asset in this present age and its global currency is USD dollars.

How are cryptocurrencies taxed in United States of America, United Kingdom, Australia, and Canada?






Crypto-currencies are taxed through software platform by www c r y p t o t r a d e r tax. 

It will show you how Cryptocurrencies are taxed. 

When mined or purchased from another party or use it to pay for goods or services, are examples of transactions that can be taxed.